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Cao added this is a trend for the maternal and children's supplies industry. As the children's parks are heavy-assets projects, the franchises should have abundant capital.

Cargo is loaded onto a flight of SF Express Co Ltd in Shenzhen, Guangdong province. [Photo by Chen Wen/China News Service]

Carol Sparks, the mayor of Glen Innes, told the Australian Broadcasting Corporation that politicians need to believe the scientific evidence on climate change. "These fires are not a political thing,... it is a scientific fact that we are going through climate change," she said.

Capital account opening is on the schedule of the country's overall economic reforms. Monetary authorities and financial regulators are designing the key measures to promote capital account opening in the next five years, Lu Lei, deputy head of the State Administration of Foreign Exchange, said at the Global Asset Management Forum in Shanghai on Saturday.

Cash is still in demand, although incumbent payment service providers are under pressure from startups as well as big tech firms.